Tax filers to enjoy major discounts on vehicle transfer fee
MG News | August 07, 2017 at 03:17 PM GMT+05:00
Federal Board of Revenue (FBR) is mulling to tight its grip on non-filers as revenue watchdog mulls to hike transfer fee of for those who haven’t filed tax returns yet.
As per FBR, transfer fee would be waved off for those who have filed tax returns in fiscal year (FY) 2017-18 on 850cc vehicles whereas non-filers would pay Rs 5000 in same regard. Likewise, tax-filer is supposed to pay Rs 5000 as transfer fee on purchase of 1000cc vehicle whereas same stands at Rs 15000 for non-filer.
On 1300cc vehicle, tax-filer would pay Rs 7500 as transfer fee whereas non-filer would pay Rs 25000.
On 3000cc vehicles, tax-filer would pay just Rs 25000 whereas non-filer has to pay mammoth Rs 2.70 lacs.
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